TSMC fourth-quarter revenue jumps 20%, beats forecasts

Core Viewpoint - TSMC reported a 20.45% increase in fourth-quarter revenue year-over-year, driven by heightened demand for AI applications, surpassing market expectations [1][2]. Group 1: Financial Performance - Revenue for the fourth quarter was T$1.046 trillion ($33.11 billion), compared to T$868.46 billion in the same period last year [2]. - The reported revenue exceeded the LSEG SmartEstimate of T$1.036 trillion ($32.79 billion) from 20 analysts and aligned with TSMC's guidance of $32.2 billion to $33.4 billion provided in October [2]. Group 2: Market Position and Outlook - TSMC is a key supplier for major clients like Nvidia and Apple, benefiting significantly from advancements in AI technology [1]. - The company is set to report full fourth-quarter earnings on January 15, which will include updated guidance for the current quarter and full year, along with capital expenditure plans and revenue growth outlook [3]. - TSMC's shares increased by 44.2% last year, outperforming the broader market's 25.7% rise [3].